Summary: Securing Bitcoin and other cryptocurrencies in Poland has become streamlined, thanks to trustworthy exchanges operating under the supervision of the Polish Financial Supervision Authority (KNF). These platforms allow quick deposits of Polish Złoty (PLN) via bank transfers, Przelewy24 or credit card transactions, thus promoting the secure accumulation of digital assets.
Our team has identified the top 5 digital currency exchanges in Poland, each offering user-friendly interfaces, Polish language support, multiple PLN deposit methods, a diverse selection of trading options, and reasonable fee structures.
- Instant and free Polish Zloty (PLN) deposits from any bank, debit or credit card.
- Buy 940+ cryptocurrencies with low fees (0.1%) through spot and futures trading.
- Regulated and trusted exchange with over 18 million users worldwide.
Best Crypto Exchanges Poland
Exploring the vast selection of cryptocurrency trading platforms can feel overwhelming if you're a beginner. To aid in making this decision, our dedicated team has rigorously evaluated the leading exchanges, identifying the top 5 tailored for Polish investors. We've carried out detailed reviews of each one, assessing their strengths and finding opportunities for improvement. Here's an overview of the five best choices for those in Poland, equipping you with the essential information for a fruitful investment journey.
1. Bybit
Bybit is the best overall trading platform in Poland, offering a variety of derivatives and options contracts. The exchange is known for its high liquidity and low latency, providing traders with the ability to execute orders swiftly. It offers leverage options up to 25x on select tokens, allowing for potentially higher returns. Advanced tools and charting features make it a favorite among more experienced traders looking to capitalize on market volatility. Aside from trading, it has a robust NFT marketplace, crypto loans, copy trading services, and multiple staking options. It is a popular choice investors in Poland as it can be used in Polish and supports multiple PLN deposit methods.
- Minimum Deposit: 20 PLN for first-time deposit.
- Supported Assets: 1000+ Cryptocurrency.
- Regulation: Registered in Europe and has DASP license.
- Fees: Costs include a 0.1% fee for spot trading, 0.01% fee for maker orders, and 0.06% for taker orders on futures markets. Deposits and withdrawals in Polish Zlotys are completely free of charge.
2. Binance
Binance is highly recommended for newcomers to the crypto world, earning its rank as the best beginner-friendly exchange in Poland. The platform offers an intuitive interface and various educational resources aimed at helping new users understand the intricacies of trading. With a wide range of 350 supported tokens and trading pairs, Binance allows beginners to diversify their portfolios easily. It also offers low trading fees, making it an affordable choice for those who are just starting out. For more advanced traders, it provides multiple order types, including spot, options and futures markets. Additionally, there are several staking options that are available.
- Minimum Deposit: 100 PLN for first-time deposit.
- Supported Assets: 350+ Cryptocurrency.
- Regulation: Registered with the Polish Ministry of Finance.
- Fees: Costs include a 0.1% fee for spot markets, 0.02% for maker orders, and 0.06% fee for taker orders on futures markets. Deposit and withdrawal fees vary depending on the method.
3. Kraken
Kraken is the preferred choice for institutional investors and companies in Poland, offering a suite of advanced trading features and robust security measures, including cold storage options for digital assets. The platform provides various trading pairs, including fiat-to-crypto and crypto-to-crypto, and offers OTC trading for large volume transactions. Its API is robust, allowing for seamless integration into institutional trading systems. Its reputation for reliability and regulatory compliance makes it a trusted platform. It is also one of the few exchanges that provides regularly audited proof of reserves, highlighting all users funds are being securely stored.
- Minimum Deposit: 40 PLN for first time deposit.
- Supported Assets: 200+ Cryptocurrency.
- Regulation: Regulated by the KNF.
- Fees: Costs include a 0.26% fee for spot trading and the maker/taker rebate is 0.02%/0.05%.
4. Uphold
Uphold earns its place as the best exchange for asset transparency in Poland. The platform is unique in offering a transparent ledger system that allows users to track how their assets are being stored and used. Its proof of reserves undergoes regular auditing from external parties to verify the amount being held is accurate. It supports a wide range of tradable products, from cryptocurrencies to precious metals, and even allows for direct trading between different asset classes. Its commitment to transparency extends to its fee structure, making it a trustworthy choice for those who prioritize openness and accountability.
- Minimum Deposit: 40 PLN for first time deposit.
- Supported Assets: 260+ Cryptocurrency.
- Regulation: Regulated by the ESMA.
- Fees: Costs include a 1.6% fee for spot trading and the deposit fees vary depending on the method.
5. Gate.io
Gate.io stands out as the premier altcoin trading platform in Poland due to its comprehensive blend of features. Its user-friendly interface simplifies the trading process, making it accessible to newcomers in the crypto space. It offers an extensive range of over 1700 digital assets, allowing for a diversified investment portfolio. Additionally, Gate.io's competitive trading fees and real-time market analysis tools empower traders to make informed decisions. The platform's strong commitment to regulatory compliance further enhances its reliability and trustworthiness in the Polish market.
- Minimum Deposit: 100 PLN for first-time deposit.
- Supported Assets: 1700+ Cryptocurrency.
- Regulation: Not regulated in Poland.
- Fees: Costs include a 0.1% fee for spot trading, and deposits and withdrawals in PLN are completely free of charge.
Is Cryptocurrency Regulated in Poland?
Yes, cryptocurrency is regulated in Poland under the supervision of the Polish Financial Supervision Authority (KNF). This regulatory body requires that all virtual asset service providers, such as crypto exchanges and digital wallet services, must register and adhere to Anti-Money Laundering (AML) regulations to operate within the nation.
For VASPs located in the EU they can function through a registered branch in Poland. However, VASPs from outside of Europe must set up a local subsidiary to fulfill these registration prerequisites. These rules are part of Poland's wider initiatives to create a secure landscape for cryptocurrency transactions, detailed in the Act on Counteracting Money Laundering and Terrorism Financing of 2017 and a 2021 directive from the Ministry of Finance of the Republic of Poland.
How to Buy Bitcoin in Poland
For Polish investors interested in securely investing in cryptocurrency via a reputable exchange, we suggest Bybit. The platform allows for immediate PLN deposits through bank transfers, credit cards, debit cards, Zen and Przelewy24. It supports a variety of digital currencies like Bitcoin, which can be traded on multiple markets with low investment fees.
To buy, sell, and trade BTC, follow this straightforward guide:
- Create Account: Register on Bybit and fulfill the verification criteria.
- Deposit Zloty: Go to 'Buy Crypto', pick one of the deposit options and choose 'PLN' as your fiat currency.
- Locate Asset: Find the cryptocurrency you want to purchase and pick a payment method.
- Invest in BTC: Enter the sum you wish to invest and click 'Buy'.
Polish Crypto Tax Requirements
In Poland, the tax implications of cryptocurrency activities have gained focus due to the rising prominence of digital assets. The Polish Ministry of Finance has released guidelines that outline the tax responsibilities for individuals and businesses participating in cryptocurrency transactions. For individual taxpayers, using crypto for personal transactions is not subject to VAT (Value Added Tax).
However, if you're trading cryptocurrencies individually, capital gains tax is applicable. These capital gains are incorporated into your total income and are subject to the standard personal income tax rates, which vary from 17% to 32%, depending on your income level. It's worth mentioning that capital losses can be offset against capital gains, but these losses cannot be offset against other types of income.
Final Thoughts
To summarise, the cryptocurrency landscape in Poland is both diverse and regulated, offering various options for individual and institutional investors alike. With oversight from the Polish Financial Supervision Authority (KNF), exchanges like Bybit, Binance, Kraken, Uphold provide a secure and efficient environment for trading and holding digital assets.
These platforms not only offer a wide range of cryptocurrencies but also come with unique features tailored to different levels of expertise and investment needs. Moreover, understanding the tax implications, as outlined by the Polish Ministry of Finance, is crucial for compliant and informed trading. Whether you're a beginner or an experienced trader, this guide aims to equip you with the essential information to navigate Poland's cryptocurrency ecosystem successfully.
Andrew Chen is a lead editor and auditor of content for Buy Bitcoin Bank, with a Masters of Computer Science and extensive knowledge in cryptocurrency and blockchain technology. He has helped ensure the accuracy and quality of the platform's educational resources for new and experienced investors in the crypto space.
